Moving Averages I use:

200 MA - for uptrend/downtrend classification
> 50 MA - strong uptrend and never going down below it
> 20 MA - and bouncing back from it - Super-strong counter

@scorpiomanojFRM To be more precise it works well on trending market i.e bull or bear market but not on side ways. In bear market when price is making Lower lows but RS is making higher high means time is up for bears and bull is ready. Vice versa for bull market.

New Combo Scan using @mystockedge

Strong Stocks as per Price Action
High Previous Day Delivery
High this week Dellivery

Case study : Bliss GVS pharma

Ready for breakout above 133
High delivery
Reasonable fundamentals

Do your own analysis. This is only for education purpose.

Case study : La Opala

Broken above 287
Strong stock
Decent fundamentals

Do your own study please. This is only to explain the power of @mystockedge

Case study : Tata Communications

Broken the high range
Increase holdings by mutual funds
Strong price action
Strong delivery

Only for education, please.

For those of you asking for a list of places that @ishmohit1 of @soicfinance follows based on our last discussion.

On this list is @themotleyfool. We have @_JoseNajarro who writes for them and has a following of his own on YouTube with us this Sunday.

https://t.co/pyWsiyQ1wO

7 candlestick pattern most useful and enjoys high reliability as per me.

1. Marubozu
2. Hammer/Hanging man
3. Engulfing
4. Harami
5. Morning/Evening star
6. Inside wick
7. Doji/Twin Doji

Which candlestick pattern you find most useful??

A thread of strength in the market.

An analysis which I did during Covid crash with @MashraniVivek on which sectors and stocks were strong, and we did pick pharma, chemical early cycle. Though we do not know where market is heading, doing such exercise always helps to find

strength when market bottoms. Of course, it requires much more reading and conviction building and hence should be taken only as a starting point. Here is how this list has been generated
1. Pick top 500 companies
2. Find list of companies which have fallen < 10% in last 3 months

Totally 61 out of 500 stocks.
This is how the sectors come up.
✍️Auto and Capital Goods stand out
✍️Do not ignore defence for sheer count as there are few companies in sector
✍️Next pocket looks like few beaten down sectors/stocks where may be value is emerging - FMCG, Pharma

List of stocks - Auto tops the list followed by capital goods, bank and financial, pharma and defense. Disc: I am biased towards auto n financials (keeping FII selling risk aside). Also, this is still a watchlist activity and I am not acting on it except being

invested in few auto n banking names. Please do your own due diligence. I am not a registered investment advisor and this is not a recommendation. Follow @ScientificInve6 and our Youtube channel for more such

A THREAD ON SIMPLEST INTRADAY STRATEGY...

" Intraday Open High Low " Strategy

What I'm sharing
1) Conditions to buy and sell
2) A spreadsheet which give live signal of trade with stoploss

Do Retweet for greater reach...✅

Strategy details-:
TIME FRAME -: 5 min

BUY CONDITION -:
Open=Low for the current day. Buy after half an hour of market open

SELL CONDITION -:
Open=High for the current day. Sell after half an hour of market open

STOPLOSS -:
It will be updated live in the given below sheet

Here is the link of the sheet 👇
Do refresh it during live market it will get

To know more about this strategy go to this

Do Retweet for greater reach 🙌🤘

Of all the bullish combinations that can work on Nifty, Bank Nifty+ Reliance combination is the most potent one.

But then what else will take Nifty to 35000+ in 2-3 years.

Thought of the day: If u want to be ahead in the game, start reading corporate announcements on BSE / NSE....believe me 90% of market participants have no clue of news already public.....

#DragonflyDoji highly reliable & considered as a price reversal indicator especially after a downtrend. Spotted a few 👀Ready for the coming week

Sharing my strategy (if it os any interest to you):

If the starting capital is 10L & parked in strongest stocks & let say it moves till 20L. Firstly, I never hold any position without SL. So, now if market corrects I will be out with taking my SL with lets say 19L. (1/

2. I will then be left with 90% gains of my initial capital. With 19L, I will keep on looking for strongest counters & hold them. The basic idea to me is - CAPITAL PRESERVATION & to avoid major DRAWDOWNS.

3. The primary goal is multiplying money & not to love or marry a stock. Emotionless investment. Keep on riding the winners & cutting down the losers. I go restless if my position doesn't moves for 2 weeks & may switch to a high-flying stock.

4. I faced this dilemma in initial years - what do I want? A stock going up 10x with 5% position size and few in my portfolio at same level or overall portfolio beating the benchmark consecutively. So, I am focussing on full garden taking care of my flowers.

5. I will focus on fundamentals too to select what to hold with conviction but will never hold them blindly if the price breaks my rule on charts thus avoiding drawdowns. With every bull run, new leaders will keep on emerging & it is important to keep your eyes n brain open.

How to add up your positions

For my investment portfolios as well, the last stop is 200 MA, beyond which i would exit. Last line of support.

For trading portfolios 65 MA, below that it's a risky trade where losses could extend on down side. On 23rd August, last correction, many stocks retested 65 n bouced

Small n Mid cap indices hit 21 MA - support zone.

Stocks entering 5 year High zone.
Strong price action
Strong financials

@mystockedge simplifying stock screening.